Written by Jonathan Garber on Feb 15, 2021.
Biden’s Climate Actions Set To Jolt Electricity Prices
power lines ukElectricity prices are set to “skyrocket†as President Biden steers the U.S. economy toward a green-energy agenda, according to experts.
Biden has pledged to achieve a net-zero electricity grid by 2035 and a net-zero economy by 2050.
Solar and wind make up a respective 1% and 3% of all U.S. energy, according to a report published last month by the U.S. Energy Information Administration. Coal, petroleum, and natural gas account for a combined 79% of U.S. energy.
Biden’s new energy and climate plans are designed to “get coal-fired and natural gas-fired electricity prices high enough that then solar and wind become competitive,†said Gregory Wrightstone, executive director of the CO2 Coalition, which seeks to educate the public about the important contributions carbon dioxide makes to our lives and the economy.
https://climatechangedispatch.com/bidens-climate-actions-set-to-jolt-electricity-prices/
